词汇 | survivorship-policy |
释义 | survivorship policy noun[ C ] INSURANCE, TAXukus(alsosurvivorship contract) insurance for owners who share a business or property which pays out only after the last owner dies, so that there is money to pay the related tax without selling the asset: Estate tax can force the heirs to the owners of a small family business to sell in order to pay the tax when Mom and Pop do not have a survivorship policy. |
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